Disentangling Pay and Productivity in a Corporatist Economy: The Case of Germany

Conventional theory predicts that productivity gains lead to pay hikes. Pay increases, however, can influence labor productivity. But what about in a corporatist economy? Focusing on Germany, we use an innovative technique developed by Geweke to disentangle the relationship between pay and productivity.

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Year of publication:	2002-10
Authors:	Fuess Jr., Scott M. ; Millea, Meghan
Institutions:	Institute for the Study of Labor (IZA)
Subject:	labor contracts \| efficiency wages \| corporatism

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Extent:	application/pdf
Series:	IZA Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 5 Number 597 13 pages
Classification:	J41 - Contracts: Specific Human Capital, Matching Models, Efficiency Wage Models, and Internal Labor Markets ; C22 - Time-Series Models ; J50 - Labor-Management Relations, Trade Unions, and Collective Bargaining. General ; J30 - Wages, Compensation, and Labor Costs. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005566660